4M4.BE - MACQUARIE GROUP LTD

Berlin - Berlin Delayed Price. Currency in EUR
81.00
-1.00 (-1.22%)
As of 8:08AM CEST. Market open.
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Previous Close82.00
Open81.00
Bid81.00 x 0
Ask82.50 x 0
Day's Range81.00 - 81.00
52 Week Range64.41 - 84.98
Volume70
Avg. Volume1
Market CapN/A
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Here's What Macquarie Group Limited's (ASX:MQG) P/E Ratio Is Telling Us
    Simply Wall St.

    Here's What Macquarie Group Limited's (ASX:MQG) P/E Ratio Is Telling Us

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...

  • Sinochem unit discussing blockchain platform with Shell, Macquarie - sources
    Reuters

    Sinochem unit discussing blockchain platform with Shell, Macquarie - sources

    Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said. Shell and Macquarie entered a memorandum of understanding in July to explore building a blockchain platform for crude oil, one of the Sinochem unit's incubator projects with growth potential, said one of the sources who has direct knowledge of the matter. Shell and Macquarie both declined to comment.

  • Sinochem unit discussing blockchain platform with Shell, Macquarie: sources
    Reuters

    Sinochem unit discussing blockchain platform with Shell, Macquarie: sources

    Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said. Shell and Macquarie entered a memorandum of understanding in July to explore building a blockchain platform for crude oil, one of the Sinochem unit's incubator projects with growth potential, said one of the sources who has direct knowledge of the matter. Shell and Macquarie both declined to comment.

  • Macquarie finalises $675 million capital raising at small discount
    Reuters

    Macquarie finalises $675 million capital raising at small discount

    Australian investment bank Macquarie Group finalised its biggest ever capital raising of A$1 billion ($675.4 million) on Thursday at a small discount to its stock's closing price before the deal was launched. The final price of A$120 per share was 2.8% below the close on Tuesday, which, according to two investment banking sources, marks the smallest discount for a capital raising over A$800 million in Australian corporate history. The placement will increase Macquarie's total number of outstanding shares by about 2.5%.

  • Reuters

    UPDATE 2-Macquarie finalises $675 mln capital raising at small discount

    Australian investment bank Macquarie Group finalised its biggest ever capital raising of A$1 billion ($675.4 million) on Thursday at a small discount to its stock's closing price before the deal was launched. The final price of A$120 per share was 2.8% below the close on Tuesday, which, according to two investment banking sources, marks the smallest discount for a capital raising over A$800 million in Australian corporate history. The deal had a price guidance of A$118 to A$123.50.

  • Australia's Macquarie to raise $675 million for renewables, tech investment
    Reuters

    Australia's Macquarie to raise $675 million for renewables, tech investment

    Australian investment bank Macquarie Group Ltd has targeted A$1 billion ($675.4 million) in its biggest capital raising to ramp up investment and take advantage of expected asset price growth in renewable energy, infrastructure and tech. The raising comes just three months after Macquarie reported A$5 billion in excess capital, prompting UBS analysts to question the need to sell shares while Goldman Sachs analysts called the exercise a "surprise". The bank is offering shares to institutional investors priced A$118 to A$123.5 each, two people with direct knowledge of the matter told Reuters.

  • Reliance Surges Most Since 2017 on Ambani Plan to Slash Debt
    Bloomberg

    Reliance Surges Most Since 2017 on Ambani Plan to Slash Debt

    (Bloomberg) -- Reliance Industries Ltd. soared the most in more than two years after billionaire Mukesh Ambani revealed a plan to sell a stake to Aramco as part of efforts to pare debt.The conglomerate aims to be a zero-net-debt company in 18 months, Asia’s richest man told shareholders Monday. Aiding that would be a proposed sale of 20% of Reliance’s oil-to-chemicals business to Saudi Arabian Oil Co. at an enterprise value of $75 billion. The company will also start preparing to list its retail and telecommunications units within five years, Ambani said.Shares of Reliance jumped as much as 9.3% in Mumbai on Tuesday, their biggest intraday gain since Feb. 22, 2017. Morgan Stanley, Macquarie Group and BOB Capital Markets were among brokerages that upgraded the stock.Aramco Buys Into Reliance Refining Business as Earnings DropThe tycoon is cleaning up the group’s finances following years of spending on his wireless carrier, whose entry in 2016 with free calls and cheap data upended the industry and spurred a consolidation. The $50 billion plowed into the phone venture, mostly in debt, has raised concerns among analysts including at Credit Suisse Group AG that Reliance’s ballooning borrowings could weigh on growth. Ambani sought to allay those fears.“With these initiatives, I have no doubt that your company will have one of the strongest balance sheets in the world,” he said. “We will also evaluate value unlocking options for our real estate and financial investments.” The group spent $76 billion in the last five years, he said.The Aramco deal should be completed by March and is subject to due diligence, definitive agreements and regulatory and other approvals, Ambani said. He didn’t say how the deal would be structured.Saudi Aramco and Reliance Industries have agreed to a non-binding Letter of Intent regarding a proposed investment in the Indian company’s oil-to-chemicals division comprising the refining, petrochemicals and fuels marketing businesses, according to a statement from Reliance on Monday.Signaling an end to the spending cycle at Reliance Jio Infocomm Ltd., Ambani is setting a new growth path for his group, whose bread-and-butter business has been oil refining and petrochemicals. The company is building an e-commerce platform by leveraging its phone network and Reliance Retail Ltd. to eventually take on Amazon.com Inc. and Walmart Inc.“This is a unique business model we are building in partnership with millions of small merchants” and mom-and-pop stores, he said. As part of the plan, Reliance has been forming partnerships and acquiring technology assets. This month, Reliance announced plans for a joint venture with Tiffany & Co. to open stores for the jeweler in India, and in May paid $82 million for the British toy-store chain Hamleys.The Tiny Deals Behind Mukesh Ambani’s Bid to Take on AmazonThe new businesses are likely to contribute 50% of Reliance’s earnings in a few years, from about 32%, Ambani said.What Bloomberg Intelligence Says“Reliance Industries could dominate the Indian telecom and organized-retail segments through aggressive expansion, capitalizing on its energy business. More than $7 billion in annual cash flow from the energy business provides a war chest to win market share in the retail and telecom industries”\--Kunal Agrawal, energy analystWhile the spending on Jio has helped Reliance lure almost 350 million users in the world’s second-biggest mobile market, the growth has come at a price.Not Since 2013Reliance had a net debt of 1.54 trillion rupees ($22 billion) at the end of March 31, according to Ambani. His plan to carry zero debt would mean the borrowings would fall below the company’s cash reserves to a level not seen since 2013.Last week, Credit Suisse cut its recommendation for Reliance’s stock and the price target citing reasons including rising liabilities and finance costs. Shares of the company pared their losses Tuesday after having earlier slumped about 18% from a record reached on May 3. The benchmark S&P BSE Sensex declined 4% in the same period.Reliance’s debt is backed by “extremely valuable assets,” Ambani said, signaling his group isn’t prone to the kind of troubles that have been plaguing many other corporate borrowers in India. The conglomerate controlled by Ambani’s younger brother, Anil, has been struggling to pay creditors while his mobile carrier has slipped into bankruptcy.Apart from the Aramco deal, Reliance also announced a joint venture with BP Plc this month, under which the European oil major would buy 49% of the Indian firm’s petroleum retailing business. Reliance would receive about 70 billion rupees under this deal.The “commitments” from the Aramco and BP deals alone are about 1.1 trillion rupees, Ambani said, adding that Reliance will induct “leading global partners” in telecom and retail units in the next few quarters.Some of the planned offerings revealed by Ambani:A new broadband service called Jiofiber will start commercial services from Sept. 5 and will be available at tariff packs starting as low as 700 rupees a month with a minimum speed of 100 MbpsJio will install across India one of the world’s largest blockchain networks in the next one yearAfter mobile broadband, Jio to start generating revenues from Internet of Things and broadband for home, businesses and smaller enterprises by March 2020Reliance is getting ready to roll out the new commerce platform at a larger scale to capture what Ambani sees as a $700 billion business opportunityReliance Retail aims to be among the world’s top 20 retailers in the next five years(Updates with stock upgrades in third paragraph)\--With assistance from Ari Altstedter.To contact the reporters on this story: P R Sanjai in Mumbai at psanjai@bloomberg.net;Dhwani Pandya in Mumbai at dpandya11@bloomberg.net;Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, Bhuma ShrivastavaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Australia's Nine Entertainment offers to buy rest of Macquarie Media
    Reuters

    Australia's Nine Entertainment offers to buy rest of Macquarie Media

    The deal makes Nine Entertainment Australia's first media company with outright ownership in free-to-air television, print and radio assets since the government relaxed ownership rules in 2017. Nine said it unit Fairfax Media would make an all-cash offer of A$1.46 for each Macquarie Media share, a discount of 16.3% to Macquarie's last closing price on August 2. In a separate statement, directors of Macquarie said they recommended Nine's offer to shareholders, in the absence of a superior proposal.

  • Australia's bank watchdog orders Macquarie, HSBC, Rabobank to tighten funding
    Reuters

    Australia's bank watchdog orders Macquarie, HSBC, Rabobank to tighten funding

    Australia's banking regulator said on Wednesday it has forced Macquarie Group Ltd and the domestic units of Rabobank and HSBC to tighten funding arrangements in Australia, saying they had been in breach of reporting requirements. The Australian Prudential Regulation Authority (APRA) said it had reviewed the three lenders and found they were "improperly reporting the stability of the funding they received from other entities within the group", in a statement. "APRA is requiring these banks to strengthen intra-group agreements to ensure term funding cannot be withdrawn in a financial stress scenario," APRA said, because such arrangements could undermine the strength of the Australian entities.

  • Thomson Reuters StreetEvents

    Edited Transcript of MQG.AX earnings conference call or presentation 3-May-19 12:00am GMT

    Full Year 2019 Macquarie Group Ltd Earnings Presentation

  • Investors Won’t Like a More Exciting Macquarie
    Bloomberg

    Investors Won’t Like a More Exciting Macquarie

    Macquarie Group Ltd., the country’s largest investment bank, got the nickname in the go-go years before the 2008 financial crisis when returns ran freely and bonuses were rich. Its core units in infrastructure, asset finance and retail banking were branded “annuity-style” businesses in recognition of their steady but (mostly) unspectacular returns. Net income from its more volatile trading desk and investment bank — the so-called “market-facing” businesses — dwindled to bit less than a quarter of the total in its 2016 fiscal year.

  • Benzinga

    Port Report: Macquarie Funds Make One Of Their Biggest U.S. Splashes With LBCT

    Utility and telecom plays have been among biggest bets for Australian investment manager, but it's also selectively added U.S. port assets. Macquarie Group's (ASX: MQG) $1.78 billion purchase of the Long Beach Container Terminal is not its biggest deal ever. As reported in FreightWaves, a private equity fund backed by the Australia-based investment manager came out on top in the auction for the terminal owned by container shipping company Orient Overseas International, now part of Cosco.

  • Currency Pact Was Always Part of What China Willing to Offer, Says Macquarie Group’s Le
    Bloomberg

    Currency Pact Was Always Part of What China Willing to Offer, Says Macquarie Group’s Le

    Oct.10 -- Trang Thuy Le, EM Asia FX strategist at Macquarie Group, discusses the yuan, the currency pact and her outlook for the currency. She speaks on “Bloomberg Markets: Asia.”